Searches and Hires

French fund CIPAV scouting for custodian

CIPAV, Paris, is searching for a firm to provide custody and accounting.

A search filed on a French public procurement website said the €5.3 billion ($6.2 billion) pension fund was looking for centralized administrative and accounting management, as well as monitoring of the management and conservation of assets.

CIPAV wants a single provider to act as custodian and accountant and to provide valuations and transparency for the whole portfolio.

The contract will run for four years, with a potential one-year renewal period. RFPs are due Oct. 30. Further details are available on the website.

Details on the current provider and the hiring date were not available. Spokesmen could not be reached for comment.